Trade in services: East Asian and Latin American Experiences
This paper investigates the trend and characteristics of trade in services in two fertile regions where different forms of trade integration have taken place: East Asia and Latin America.
A Fair Wage Model of Unemployment with Inertia in Fairness Perceptions
A fair-wage model with inertia in fairness perceptions provides a plausible explanation for the observed negative correlation between changes in productivity growth and equilibrium unemployment
Short-run forecasting of the euro-dollar exchange rate with economic fundamentals
We propose a fundamentals-based econometric model for the weekly changes in the euro-dollar rate with the distinctive feature of mixing economic variables quoted at different frequencies
Estimating the Incidences of the Recent Pension Reform in China: Evidence from 100,000 Man…
An ongoing reform in China mandates employers to contribute significant amounts to employee pension funds. The current study estimates the impact of this reform on the wage, employment and performance of firms using data from over 140,000 medium and large manufacturers in China during 2004 and 2006.
A review of recent infrastructure investment in Latin America and the role of private pens…
Latin America is enjoying a period of extensive growth. If this trend is to continue into the coming years, the key insufficiencies that could limit total factor productivity will have to be dealt with in order to prevent bottlenecks. One of these insufficiencies is the infrastructure gap.
Una revisión de los avances en la inversión en infraestructura en Latinoamérica y el papel…
Latinoamérica viene experimentando un período amplio de crecimiento. Para que esta tendencia logre expandirse en los próximos años, se requiere cerrar brechas claves como las infraestructuras.